Copart, Inc. (NASDAQ:CPRT) – Equities researchers at Northcoast Research lifted their Q4 2017 earnings per share (EPS) estimates for shares of Copart in a research report issued to clients and investors on Monday. Northcoast Research analyst J. Healy now forecasts that the business services provider will post earnings per share of $0.32 for the quarter, up from their prior forecast of $0.31.
CPRT has been the topic of several other research reports. Jefferies Group LLC lifted their price target on shares of Copart from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, May 30th. Zacks Investment Research cut shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.75.
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Shares of Copart (NASDAQ CPRT) opened at 32.86 on Tuesday. Copart has a one year low of $24.91 and a one year high of $33.10. The company has a market cap of $7.57 billion, a PE ratio of 18.96 and a beta of 1.19. The firm’s 50-day moving average is $31.90 and its 200-day moving average is $37.02.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. purchased a new position in shares of Copart during the 2nd quarter valued at $100,000. Suntrust Banks Inc. purchased a new position in shares of Copart during the 1st quarter valued at $207,000. Salem Investment Counselors Inc. lifted its stake in shares of Copart by 100.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock valued at $130,000 after buying an additional 2,047 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Copart during the 1st quarter valued at $254,000. Finally, RGT Capital Management Ltd. purchased a new position in shares of Copart during the 1st quarter valued at $266,000. Institutional investors own 79.74% of the company’s stock.
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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